Panasonic (PCRFY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Panasonic (OTCMKTS:PCRFY) from a hold rating to a buy rating in a research report released on Tuesday morning. The brokerage currently has $16.00 price objective on the stock.

According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “

Separately, ValuEngine downgraded shares of Panasonic from a buy rating to a hold rating in a research note on Friday, December 1st.

Panasonic (OTCMKTS:PCRFY) opened at $14.71 on Tuesday. Panasonic has a one year low of $10.05 and a one year high of $15.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.14. The firm has a market cap of $35,650.00, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 0.83 and a beta of 1.41.

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Panasonic Company Profile

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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